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of italy's companies is with us sounding the alarm and best buy back to its losing ways after surging 16% yesterday. find out if you should pick up the stock at these levels. you're watching "closing bell" on cnbc, first in business worldwide. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chas as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back, the fiscal cliff deadline in the united states is not jus
in italy and there lost an arm to a german grenade, leading a battle that won him the medal of honor. >> everything became a bit crazy. bullets flying all over the place, and my arm flew off. i looked for the grenade because i knew it was in my hand, and there it was still clutched. and i peeled it off and threw it at the enemy. >> reporter: inouye was elected to the u.s. house of representatives in 1959. the same year hawaii became a state. he won a seat in the senate three years later where he served 8 1/2 terms. >> he was a man who, as we all know, rarely called attention to himself, but who lived a remarkable american life filled with dignity and grace of the true hero that he was. >> reporter: he gained notoriety when he served on the senate committee looking into the watergate scandal. the probe ultimately led to president nixon's resignation. in a statement, president obama said, "our country has lost a true american hero." cbs news, los angeles. >>> congressman tim scott has been appointed to fill the south carolina senate seat vacated by jim demint. scott will be the south's
on the battlefield, world war ii and lost his arm in battle. bottom line, he was wounded just one hill away in italy from where former senator bob dole was also wounded and senate majority leader harry reid was here hawaii today eulogizing senator inouye, talking about how emotional he got as he saw the senator's casket in the rotunda. >> he wasn't satisfied just to be there, he wanted up on that platform so he could reach his friend of 60 years, dan inouye. he got up there, with a little struggle, but he got up there and soldier to soldier, with his left hand, he saluted his soldier friend of 60 years. >> reporter: now, i want to make clear that senator inouye, i said he was award theed medal of honor. he earned it, he's a recipient. not something he won in a contest. and they heard me say that or told i said that. i want to clarify that senator inouye, all three of men received the honor, great, great honor, harris. >> harris: you've cleared it up for us, ed henry. now we'll see the flip side of this and talk about what's going on here in the mainland. the president is on vacation obviously, but
. >> speaking of family and memories you came over here to the united states from italy fleeing communism right as a young kid? >> die. i came here in 1958 and i was 12. you can count the years. i was 12. and we lived -- we come from italy from the boot in northeast corner under austria, now slovnia. that's where i was born. that whole area was given the newly formed communism area. we got caught behind. i was just born. we got caught behind the iran curtain. we were italians so we couldn't speak italian or practice our religion or anything. so when i was about 9, 10 my parents decided, i had a brother who was older that they really needed to go back to freedom back to italy where we belonged. but we couldn't. they wouldn't let you out. my brother, my mother and i went to the store. my father had to escape. he escaped, we were reunited where i had relatives and cousins and we lived with them for a while. and so there was an option we went to refugee political refugee camp. now it's a museum. we stayed there for two years waiting. and dwight eisenhower was the president t
was supposed to come to market. italy, oh, my, what happens when italy -- it turns out you had to take it down. i know that john corzine, very controversial figure. that's a code word. but what a trade they almost had. in the news again today. >> almost. >> horseshoes, hand grenades. >> we should point out, gm was certainly not having the easiest of times of it. this morning's stock is up sharply, we're telling you why. the company will buy back at a premium to at least what was the market price as of yesterday, 200 million shares from the government at $27.50. that having the effect of sending the stock above that. why not, if you're gm, you've got all this cash sitting on your balance sheet. you're earning virtually nothing on it, why not take the opportunity, even at a premium, to buy it back by as much as 11%, shrinking the cap by that much. we heard from tim massad who runs t.a.r.p., they'll be dribbling out the shares over time. the next 12 to 15 months. similar to the strategy employed with citi. a bit of it coming out. and finally they cleaned it up with a few big blocks. >> that was v
. >> thanks for having me. >> doug kass, folks. big political news out of italy, shaking that market overnight and sending yields surging. word that prime minister mario monti will resign early and that silvio berlusconi is considering a comeback. carolyn roth is live in rome with the very latest. what can you tell us? >> well, the perceived political calm that we've seen in italy over the last 13 months, that came to a very abrupt end over the weekend. that's when prime minister mario monti surprisingly resigned, which still hinges on the passage of a budget law before the end of the year. at the same time, very controversial former prime minister silvio berlusconi also said he is run fog are the prime minister post again. so this is got markets extremely wore rid. here's why. because markets are concerned that the new government would be elected on february 24th, that this new government will not be implementing the austerity measures that mr. monti has implemented over the last couple months. but is this concern actually warranted? well, if you speak to a number of analysts, well they'll sa
at italy f-18 is half an hour, not to mentioned the drones that were already overhead. american spectator wrote this, obama's fingerprints is all over this refusal. if no one in the c.i.a. chain of command refused the aid, the failure this is has to be failure is obama's, do you buy that? >> the congress has to find that out for us but it did happen on the president's watch. he did ultimately say it was his responsibility and he could have said that earlier. there is so many questions that we still have so many months after and we don't have the perpetrators. >> gregg: should the president testify? >> that is not common. >> gregg: it's happened before? >> it's possible and rare. these people that work in the white house generally don't come before congress. this is what congress is supposed to do oversight. >> gregg: back to the report and the failure to provide the security that had a been requested at benghazi missions. put it up on the screen. eric boswell forced to resign, charlene lamb forced to resign. documents show lamb is the one who denied repeated requests for additional securi
and see what's happening in countries like greece and italy and spain and ireland have these massive debt. now we cannot repay them, massive interest-rate increases, you and i have talked about this before. but shame on us for not realizing that we stay on this path, we are in real financial trouble. gregg: stephen moore, economics writer for "the wall street journal." on her way to the fiscal cliff. thank you very much. heather: russian president vladimir putin accused of playing politics with the lives of orphans. signing a bill banning americans from adopting russian children. bad news has left dozens of american families heartbroken. amy kellogg is live in london with details. reporter: heather, one russian activist says that every member of the russian parliament voted for this measure should be obliged to adopt a russian child of his or her own. there are 700,000 russian children who need a home. only 18,000 russian families who signed up to adopt. this new law was named after a russian baby that died in the custody of his american adoptive parents. he was neglected. but it is reall
of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not reached. those are things they're watching. >> mandy drury at the new york stock exchange, thanks. >>> someone sign this kid up. this is christian balkner, giving the tampa bay buccaneers cheerleaders a run for their money. check him out. ♪ >> he is good. they call christian little steer, named after the mascot captain steer. in case you're wondering, yes, he can definitely teach you how to dougie. he is good. >> who are you talking about? oh, there was a little boy there also? >> nice, matt. >> when you said check this out, these guys -- >> in about eight years, that kid will be not be -- >> turning around a lot. >> al roker has your forecast. al? >> thank you so much. we've been talking about this system. first of all, it dumped a ton o
by hong kong 197,000, mexico, mexico 185,000 and italy 175,000. the places where you need the least money to be happy germany $8,500. united states is not part of that survey. we were surveyed you need to be wealthy most americans said $1 million. >> more money doesn't give you happiness, it just gives you more money. >> yahoo top searchs for 2012. >> what do you think the answer is? >> i already know the answer. >> it was the election. take a look at the other top searchers. is iphone 5. got one. love it. kim kardashian. one of our makeup artist thinks parts of cardian are not real. cape upton and kate middleton. she dacame in at number 5. >> gingham style is another one. >> do do you the gingham style with patty ann? >> another day. >>> coming up the death of an nfl player is reigniting the gun debate all across the country. >> it's about the social commentary about the proliferation of guns. >> do you want to take away people's second amendment rights? >> it only gets more heated. that debate up next. >> do you have allergies? many might come from the type of water you drink. bottled v
italy rattled markets. mario monte announced his decision to resign at the end of the year and let's head to wall street where we are seeing the markets being a little bit, turned the positive territory, not too much down or too high but we're up 15 on the dow, nasdaq up by 4 points. president obama and john boehner met to try to prevent the fiscal cliff, due to kick in on january 1st. the main sticking points remain raising taxings on the wealthy and cuts to entitlement programs like medicare. they are accepting that wealthy americans will get a tax hike. they have asked congress to work through the hold daybreak. >>> the federal reserve is expected to announce an expansion of the stimulus program this week. experts predict the fed will extend the program of buying $85 billion of securities each month into the new year the announcement is expected tomorrow or wednesday. >>> and a new service shows pay for college presidents continues its up ward climb. the chronicle of higher education studied data from 2010 and the median compensation rose about $400,000. that's up nearly 3%. for
, they send an airplane over to benghazi and they returned to tripoli -- instead of going to italy or to germany -- then the c-17 has to come -- it makes no sense. it makes absolutely no sense. >> greta: the irony and i have no sympathy for the administration's claiming this is politicized because if they would just simply answer these questions, not drag their feet, maybe we will get it in the next 6 or 7 days, but if they would fill in the blanks, nobody would be suspicious. we get silly answers that don't make sense -- that's the problem. that is created by those who hold the facts. >> that's right! i am not trying to politicize this. we have injured americans! in the worst case ttakes 25 hours to extract them to a facility, an american facility, they're in germany. at the best case, maybe 18 hours and the administration won't answer those questions. these are legitimate questions. i want to talk to that family. they deserve to have answers. we have to make sure this never, ever happens again. when an american goes down, we go get him. this president didn't do that. >> greta: if
with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversing its move lower this morning, sold more than 2 million iphone 5s in china. the best debut for any iphone in t
that conviction and says he is considering running again for prime minister of italy. the syrian regime can and will deploy chemical weapons on its own people unless other nations step in. that's the word now from a former syrian general who now leads the rebels. plus, investigators say this beauty queen died after a shootout in mexico and they have now linked one gun at the scene to the failed operation fast and furious. plus, the latest winter storm could throw a huge wrench into travel plans across several states. we'll tell you where it is headed and how much it's about to dump as we approach the bottom of the hour and the top of the news as fox reports live tonight. and 320 calories. marie callender's. it's time to savor. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. the lexus december to remember sales event is on. hey, yo, check out this chef, right? right? that's so gay. that's really gay. dude, look at those pants. please don't say that. what? don't say that somet
. >> we start this morning with breaking news from italy. >> a massive cruise ship, the costa concordia turned on its side. 32 passengers and crew were killed. the captain says it was an accident and not a crime. he faces charges. >> he's being investigated for manslaughter and abandoning ship. >> he claims he tripped and fell into a lifeboat. the sentencing of jerry sandusky. >> carol, jerry sandusky will die in jail. >> a judge sentenced the 68-year-old former penn state assistant football coach to at least 30 years in jail after he was convicted of 45 counts of child sex abuse. despite the mountain of evidence against him, sandusky continues to proclaim his innocence. he's in the process of aappeppeg his sentence. number three, the shooting of unarmed 17-year-old trayvon martin. >> my son left sanford, florida in a body bag, while george zimmerman went home to go to sleep in his own bed. >> aaccused gunman george zimmerman claims self-defense in a case that sparked international outrage and ignited racial tensions. trial is set for june. number two. >> we need rescue inside the audit
on wall street. but investors were cautioning. and italy's prime minister, mario monty, resigned. wall street is expecting the worst bonus season since the financial crisis of 2008. the average bonus will decline 16 1/2% from last year, to just over $100,000. and about one in five wall street workers won't get a bonus at all, as banks and investment firms continue to struggle in a tough economy. sales at mcdonald's rose in november, as u.s. brought more breakfast items and its new cheddar bacon onion sandwiches. drivers are getting some relief at the gas pump. according to the lundberg survey, a gallon of regular unleaded costs average. $3.46 nationwide. and retailers are acquiring holiday help in record numbers. retailers a added, 465,500 seasonal workers in november as they wrap up for the holidays. that's barely surpasses a previous record set in 2005, just before the financial crisis. that's your money watch. for more, head to cbs money >>> a bald eagle is going to be okay, thanks to the quick thinking of two fort myers resident
back as we're talking, rallied back quite a bit in the ten-year bond futures in italy but you know what, politics aside, mario draghi bought himself and europe some time. i don't know what they'll do with it, it will be 2013's story. >> you nailed it, to me every strategy since the crisis hit in this country in my opinion you could call it kick the can but it's about we have no idea what the effects are going to be, what the exit will be or if any of this is going to work but trying to buy time for something to happen. that something has to be growth and i still don't see how europe has a plan for more growth. >> we know greece is done with because they've already restructured their debt and what they did in the last two weeks, which the germans said they should do, they should have done three years ago they'd be better off. spain is the immediate problem, you have 26% unemployment which is non-performing loans. >> we have to go, 2,200 pages of health care, i'm sure the notes spain's taken how greece has got money at every turn, their pile is a bigger pile than the health care plan. >>
. >> the european markets are closing now. >> remember yesterday and all that concern we had about where italy might go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay
of comments about what happens happening in europe and the need to liberalize the taxi systems in italy and so forth. are you comfortable with the system you have now in new york? i understand the medallion changes hands for $800,000. so you have a few people who control a lot of these licenses. who are creaming off most of the profits. then you have often first generation immigrants who are tearing around on the street 12-hour days trying to make a living? is that fair? >> medallion now trades for $1 million. so i think that does prove your point in a sense. look, we are -- the biggest issue in new york city is outside the core service area in midtown, downtown manhattan. mayor bloomberg has gotten legislation out to let us create a whole separate class of taxis that will operate in the boroughs. we do need more cabs. that $1 million price -- >> did it get approved? >> the governor signed it, the taxi owners, they have a lot at stake. they've sued and it's in court now. we're going to get a final decision by may or june. i'm sure we're going to win and put the new meltions on the street. >> d
stocking suffer, the last headbangers". a dream cruise to italy pass injuries are fired up when they're sick. and stressful? i was at the mall. we're talk about the biggest pet peeves this time of the year. ♪ this christmas fire side blazing bright ♪ ♪ we're carolling through the night ♪ ♪ and this christmas ♪ axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarg
a lover or simply to confound humanity. ben wedeman, cnn, florence, italy. >> i'm ted rowlands, thanks for joining us today. "cnn newsroom" continues right now with ashleigh banfield. >>> thank you so much, ted. hi, everybody. it's nice to have you with us. 11:00 on the east coast, 8:00 a.m. on the west coast. let's begin here, a threat to the strength of the union. it's playing out moment by moment in michigan today. one of the most heavily unionized states in america. that state is on the verge of passing something called a right to work law that would make it illegal to force anyone to join a union or pay union dues if they want to take the job. you've got live pictures here in front of you from the state capitol in michigan. that's lansing. thousands of protesters, none too happy with those challenging this law. more than 600,000 michigan workers are part of a union. they belong. and if you do the math with the population, that works out to nearly 18% of the state's workforce. much higher than the national percentage as well. our alison kosik has been story all morning long and the
buildings collapsed. that tops our news around the world in 80 seconds. italy. emergency officials say structural problems brought down the town houses overnight in sicily. crews rescued several people from the rubble, including a young girl. she's reportedly okay. firefighters ordered residents to evacuate another building nearby. >>> fiji. a powerful cyclone tore through the pacific island nation. heavy winds ripped roofs off homes and churches. torrential rains flooded roads. thousands of people evacuated. no word of anybody killed. that same storm last week killed several people in samoa. >>> ecuador. a volcano erupting south of quito. it shot lava a half mile into the air. authorities put locals on alert. it erupted several times since experts classified it as active some 13 years ago. >>> belgium. christmas tree made entirely of cups and plates on display in the city square east of the capitol city of brussels. the town's mayor asked folks to donate any extra tableware for the creation. >> it's a christmas tree that symbolizes being together around the christmas table. >> shepard
. the two met in a hospital in italy in the 1940s and senator inouye often credited his republican friend with getting him into politics. former senator elizabeth dole kissed her hand and touched the casket then senator bob dole saluted his old friend and colleague one final time. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around
found inside a cab bin aboard that sinking cruiseship off the coast of italy have. >> 48 hours after the singer was found dead, family friends and fans in shock and grief with some unanswered questions. >> the lin sanity is spreading and jeremy lin has gone from obscurity to stardom ♪ >> a classic waste, fraud and abuse. >> i see my mr. neeley is not with us today and the only pictures i can get of him is in his hot tub suite. >> the secret service hooker scandal is growing. >> the justices just upheld a key part of arizona's tough immigration law. >> just hours after supreme court upholds president obama's healthcare law republicans already setting a date to repel it. >> whatever the politic its today's decision is a victory for people all over this country whose lives will be more secure because of this law and the supreme court decision to uphold it. >> live outside the movie theaterrer in aurora, colorado. 12 dead. 58 people injured after a gunman opened fire in the movie theater. >> tonight the tickets complete. >> i am deeply honored and excited to join you as your running ma
there in north africa, buzz not located in italy or any place close to north africa. they couldn't get there in time. there was a drone that took pictures but it was unarmed. >> let's bring this to human terms. people like to find somebody responsible. there isn't always somebody responsible. sometimes things break. is it true they were tough in their report, the pickering and mullen report. but in the end are they saying this could have been avoided, really? >> yes, they are. >> if chris stevens wanted to go into a dangerous area, could he have been protected? >> the two phrases that admiral mullen used in the clip that introduced this segment, first there were inadequate sources there. there were requests for more forces. the state department didn't act in a timely way. the bureau which overseas that consulate, that mission, didn't act in a timely way. and the forces were grossly inadequate. an unusual phrase to use. >> partly to save money and partly to rely on the host. we don't have marines at these place. we rely on the libyans. they were not able. they didn't have a national gov
that was in terrible shape to begin with and i think you have a lot of austerity fatigue going on spain, italy, portugal, certainly greece. so you have those economic woes. the euro is not going to thrive and it may survive thanks to the ecb, but you're not going to get that economy to thrive, and the fiscal union ask those are very slow going and though they may be moving quickly by european standards and i've been given the magnitude of the problem going very slowly. >> how should people be thinking about this? the average american, and they've been hearing about it for so long and they're not sure it will affect their pocketbook. do you think they will? >> and there's this incredible chance that greece will leave and the dominos will begin to fall. i think that's unluikely to happen as long as the ecb is willing to support that currency, but will it thrive? will those economies boom? i don't think so, i think it will be another year of recession and you will find individual opportunities and the stock picker's market and far as it's a strong growth, they're not there yet. >> thanks so much
politics going on. for example, italy. though there is a question of politics going on here, i guess. if we look at other issues, the euro currency has been up a little bit today. there are questions about the dollar index with the fed meeting. if you look at corporate barclays and both continues to super well behaved. not only are we looking for tax avoidance, we being businesses and corporations, but individuals looking for better yields than 1.614 i see on the current ten-year. tyler, back to you. >> rick, thank you very much. >>> one aspect of the fiscal cliff debate that hasn't been hardly noticed is the estate tax. how much gets taxed when the move is moved from one generation it the next? >> death and taxes may be certain, but the death tax as its called is in limbo. the reason, well, the fiscal cliff. the current rate is 35%. only those estates worth 5 million or more have to file. if we go off the cliff the rate shoots up to 55%. anyone worth an estate worth $1 million or more has it file. that will catch tens of thousands of tax payers in the net of the estate tax. republicans wan
ready with unlimited support for spain and italy, when and if they sign on to oversight agreements. these are huge dramatic changes. think about how many times we've agonized over where the money would come from for bailing out spain and italy. now we know. when they sign on to oversight. >> the point is we know -- we know what the policy response already is by the ecb and the feds. so what is going to be the next catalyst to keep the markets to those new highs you're talking about? >> the next big catalyst is obviously the fiscal cliff resolution, second, you have spain sign on to oversight from the ecb. remove any possibility of spanish default and we think that lagarde is signaling that the conditions to that oversight will be a lot about labor market reforms. those are growth enhancing, so that's another great catalyst for the market. last, but certainly not least, i think you could see the new leadership team in china come more aggressive reform program than people are expecting. >> all right. michael, good to have you. >> thank you so much. >> michael jones of riverfront. >>
was a veteran of world war ii, he lost an arm charging machine gun nests in italy. that service earned him the medal of honor. he witnessed the bombing of pearl harbor as a high school student. daniel inouye, a hero pro provided great service over a long time. >>> a report will be delivered to congress as early as today. just ahead of congressional hearings this week, the report was ordered by secretary of state hillary clinton although she will not testify due to that illness. she had a concussion. she's recovering right now. the attack back in september in benghazi, killed four americans, including christopher stevens, the u.s. ambassador to libya. >>> it gives one man special insight into both aurora and the newtown shooting tragedies. his close connection to both events, coming up. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announcer ] cook, meet compliments. get recipes at [ female announcer ] it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth ma
. you lived in italy. >> i did. >> with a bunch of italian mommas. >> i went to sorrento. i lived with 26 women, in their homes. they taught me how to make original dishes, the authentic way. i got my own version and got the stamp of approval. there was more food here until elizabeth ate it. i'm. >> i'm developing a bad reputation for being a food hog. you picked chicken masala and brussels sprouts. >> the most misunderstood vegetable. >> let's start with chicken masala. >> it's fancy enough for the holiday table. but simple enough to make during the holiday week. start off with whole chicken. i cut it into 16 pieces. a lot of little pieces. everybody can have a little thigh, a little breast, a little wing. >> do you season the chicken? >> with salt and pepper. and take it out of the pan. >> a little bit of oil? >> a little oil. and you add rush rooms and onions. and you deglaze with masala. >> anytime mushrooms? >> any kind is find. does that smell good? >> yeah. >> you remove the skin. i want the flavor of the skin, but not the calories. 90 calories apiece, of skin. and we're re
] the charmed memories collection at kay jewelers. each charm is hand-crafted in italy, and with hundreds of charms to choose from, the possibilities are endless. turn your special moments into charmed memories. one more reason kay is the number one jewelry store in america. these are for me, right? ♪ every kiss begins with kay >> a mix of rain andn sleet then changing over to all rain. icy roads >>> natalie and willie, over to you. >>> thank you, maria. coming up are you being watched? why the mannequin you're checking out at the mall could keep an eye on you. >> that's creepy. >>> a rare look inside the queen's wardrobe from her ma s majesty's royal dresser. first, this is "today" on nb mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >
way or the other, we will. >> remember when we used to talk about spain? italy? >> the good old days. spain was borrowing at 7%. >> germany went to the five-year high. we could have that, too. unlike them, our economy is not in tatters. they go five-year high on tatters. audi, good car. >> yes. good car. >> meantime, shares of costco this morning up in the premarket. warehouse retailer earned 95 cents a share in the first fiscal quarter. revenue, profit margins beating forecasts helped by rising sales. those higher membership fees did hike fees a year ago november, which doesn't happen very often. the journal today says, model looks great. the business is great. the stock is just -- people want to pay a lot of money for it, jim. >> oh, yeah, costco, those are remarkable numbers. i know you did an excellent special on coastco and it seems like the execution was impressive. people want to go there. >> as gas prices come down, that helps them, given they make it a bit of a loss leader. valuation rich for your blood. >> when you go to buy a house, you see kirkland more than any other bra
. for example italy managed to auction some debt today, the longer end of the market. and there was no great move. can we have a look at that? there was no great move of the ten-year yield as a result. maybe we'll come back in a moment. let's just focus on the close out. >> the european markets are closing now. >> it is negative territory as you can see. the fiscal cliff of course plays a part in that taking some of those -- in many senses you could call it profit taking -- not in the case of spain where you see a major underperformance. >> let me say the german finance minister suggested he thought the worst of the eurozone crisis is now past. he said the government in athens knows it cannot financially over burden the rest of the eurozone countries and is acting as it should. he was optimistic on france as well despite the fact the data is indicating we'll still get a contraction in the third quarter, for most of the eurozone. germany's economic position is arguably deteriorating but still schauble there is relatively optimistic that the crisis is over. in the meantime what is also happeni
in afghanistan, what happened that got you a call from the president when you were stationed in italy? >> my unit battle company, we were in a near ambush and there was 18 of us. everyone was doing everything they could. the majority of the shooting was done by all the people around me, which allowed me the freedom of movement. the taliban were trying to take a prisoner, soldier joshua brennan was shot several times and he was still alive and they were carrying him away. as i ran forward, i eliminated the threat and i grabbed sergeant brenner and brought him back to our line, as everyone else continued to fight. it's difficult for me to sit here alone because there are so many great people that are the reason why i'm here. i didn't look out for myself. they looked out for me. and two great men lost their lives that night. >> gretchen: what was it like for you to know that you had been bestowed this amazing honor that no living person has achieved since the vietnam war? >> it kind of hurt me at first. i read the stories about medal of honor recipients and they're heros, they're men that history bo
with the disabled? >> again, well intended. all kinds of surprise unintended consequences. in europe again, italy is poor. you have 15 employees, fine. you have a 16th employee, must be disabled. have 51 flows, 7% must be disabled. it just cripples the flexible of the work force. well intended, but that's why they have riots there. >> steve: listen, europe is great because they have some wonderful food and some cheeses. but you're saying we should not base our policies on theirs because they're stinkers. >> we should base it on singapore where they have 1.9% unemployment and they don't have any minimum wage north texas laws against discrimination. it's a competitive market. that protects workers. >> steve: there's got to be a social safety net of sorts though, right? >> yes. and there will be if government doesn't provide all of it, the country will be so rich that private charity also provide much more. yes! absolutely! >> steve: what color is the 1960 in your world? check out johns to -- john stossel on the fox business. >>> next, a real life nativity scene, how these people are trying to save
is justified. there are some critics that are angry about how the eu handle the crisis. italy markets plunged at news that the italian prime minister plans to step down later this month. he's going to wait until the national budget is passed, but investors are concerned about how it might affect the country's high levels of the debt. it means the former prime minister that led office after corruption allegations could make a comeback. >>> i want to get a look at stocks right here, how they are doing. up 33 points. looking at the dow jones, pretty good read so far. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me
you real soon at a game. >> all right. i'll be there. >> take care. >> what happens in italy affects all of europe and the rest of the world. one of the italian leaders is stepping down and the other one planning a controversial comeback causing shock waves across europe. . fortunately we've got ink. . it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> the cot come back is attracting attention. sylvia bers cone any is going to run again. ben weedman the thought of the return to berlusconi is rattling some folks' nerves. >> reporter: he's back. he says he's run for the premiership for
holing candles and signs. flags flown at half-staff at the u.s. embassy in rome, italy. with crosses lining the beach in rio de janiero. mourners laying flowers in the sand. in pakistan, children sending messages of compassion, lighting candles on the streets in tribute. >> steve: that's nice. meanwhile, brand-new information just coming in about adam lanza and his mother, nancy. what happened before he went on a killing spree? people doocy just people with a confidentant, a friend of nancy lanza and joins us. >> i met rich collins last night at a restaurant called my place in newtown, which was one of nancy lanza's favorite places to go fortuner and drinks. rich told me that since he has a son with autism and nancy had a son, a asburgers, they would bond sometimes about the difficulties sometimes in dealing with that. listen to what he told me. >> nancy would get upset because her son refused to let her touch him. she couldn't hug him. my son is just the opposite. she'd see my son hanging all over me. but autistic kids, each and every one of them is different. >> you said that there
. japan is technically in a recession. you have more uncertainty in italy. one of the important countries. and also you have this concern happening in japan. we have this week, ben bernanke and the fed will meet at a two-day fed meeting. a lot of people are hoping to hear from the federal reserve chief that there will be some kind of on going stimulus in the form of, you know, bond buybacks or something. we'll be looking to see what he has to say about the economy. this is another big uncertainty in the markets for the week. you know, this comes after consumer spending showing as "the wall street journal" set this morning, consumer spending, consumer confidence wabbling. this is europe concerns. we're seeing that consumer heading into the end of the year is starting to get a little more nervous about where we're headed here. now fiscal cliffs and payroll, fiscal cliff has a lot to do with this. the american payroll association this is the trade group for all of the small business who's are doing payrolls, you know, paying you. they say the fiscal cliff really isn't january 1st. their fisc
% but falling. it's also true of italy. there the yields are down. take a look at where we are on the ten year, 4.4% and those bonds rise in value, you see the italian banks, for example, rising in value. the stock market, it's obvious the value of their assets is gaining ground. other financials around europe, the likes of kbc, bank of ireland, a lot of questions to the degree the irish can get better terms for their bailout or deal as a result of what the greeks have been given. there is -- and carl mentioned this, one area of concern today, and that's the finance minister's meeting where the frie french and the germans seem at odds over how they're going to get banking union, the germans are saying it cannot -- the individual banks cannot all be controlled by the ecb, the french saying, yes, they should be. that's the german finance minister. they are very split. they will try to hammer out a deal again middle of next weak. we're close now to the summit, the full heads of state summit. by then they should have a banking deal. what's interesting is with the backstop of the ecb we'll buy bond
in italy, germany is down by .9%. >> of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. an attempt by house speaker boehner to avoid that class and pass the so-called plan b tax bill. that failed. the measure that would have kept current tax rates for those making less than $1 million a year. it never even made it to the house floor. speaker boehner is scheduled to hold a news conference about an hour from now. of course, we'll bring that to you live. >> here we are. >> here we are once again. >> there was no real plan b. there was no real possibility of this. the republicans, the vast majority signed a pledge, they will not vote for tax increase. who would think they would suddenly turn around and vote for a tax increase. they pledged not to. >> the speaker said they might. >> i don't care. >> unless it's some sort of a plan to show how he's really -- you know, you've got to negotiate harder. because look what i'm dealing with. >> these guys -- do you suddenly think they're saying, all of a sudden we're for taxes. no tax i
.s. and in the country around the country, i have different sparkling wines. i have chandon, proseco from italy. >> juliet: with a little straw there. >> fun minis. >> juliet: for people who have no desire to make their own drinks. thank you very much. we'll get all this information out on our web site. >> >> juliet: thank you so much. we're going to take a quick break. we'll be back in two minutes. stay with us [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. . . with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... grea
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